Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merle Hay area can be challenging. Home prices in Merle Hay are now at a median cost of $168,418, lower than the Des Moines average of $224,721.
The average cost of rent is $1,024/mo in Merle Hay, primarily driven by the current value of real estate in the Merle Hay area. While nearly 31.22% of residents own their homes outright in Merle Hay, 28.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merle Hay is $5,697 per month. Households that rent pay about 17.97% of their income on rent here. Merle Hay's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Beaverdale, Des Moines, IA: higher priced homes
- Meredith, Des Moines, IA: higher priced homes
- Lower Beaver, Des Moines, IA: higher priced homes
- Drake, Des Moines, IA: less expensive homes
- Oak Park, Des Moines, IA: less expensive homes
- River Bend, Des Moines, IA: less expensive homes
- Downtown Des Moines, Des Moines, IA: higher priced homes
- Highland Park, Des Moines, IA: less expensive homes
- Capitol Park, Des Moines, IA: less expensive homes
- Union Park, Des Moines, IA: less expensive homes
Neighborhoods with Similar Populations
- Prospect Park, Minneapolis, MN: higher priced homes
- Ledroit Park, Washington, DC: higher priced homes
- Oak Creek, Irvine, CA: higher priced homes
- Oakdale, Atlanta, GA: higher priced homes
- Oakley, Cincinnati, OH: higher priced homes
- Oceanway, Jacksonville, FL: higher priced homes
- Olympic Hills, Seattle, WA: higher priced homes
- Outer Mission, San Francisco, CA: higher priced homes
- Palm Heights, San Antonio, TX: less expensive homes
- Pearl District, Portland, OR: higher priced homes
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